UBS Forecasts 5x Server CPU TAM by 2030

UBS projects server CPU market to grow from $30bn in 2025 to $170bn by 2030, a fivefold increase.
ARM’s share of CPU units expected to rise to 40‑45% by 2030 from 15% in 2025, with price target lifted to $245.
AMD and Intel projected 2030 CPU revenues of $41bn and $39bn respectively, while ARM forecasts $26bn total CPU revenue.
Agentic AI drives 1‑to‑1 CPU‑per‑GPU ratios, requiring 80‑120 cores per GPU and boosting high‑end AI CPU prices to $3k‑$4k.